Housing developer unloading P2.8B in receivables
Housing developer 8990 Holdings has signed a deal to unload P2.8 billion worth of housing receivables, freeing up liquidity to build more houses for the mass market. In a disclosure to the Philippine Stock Exchange, 8990 Holdings said its subsidiaries had entered into a deal to sell contract-to-sell (CTS) receivables to Dearborn Resources and Holdings Inc. The company encourages buyers ..